M7 Acquires Office Building In Bristol For £21M
2620 Aztec W, Bristol Bs32 4 Gq, Uk
$21,000,000
$275/SF
Building Size
76,258 SF
Asset Type
Office
Closing
Jul 9, 2020
About this deal
AI
An office building located at 2620 Aztec West in Bristol has been sold for £21,000,000. The property spans an area of 76,258 square feet and was purchased by M7. The transaction was facilitated by the buyer's representative, Kimmre, and the seller's representative, Steve Oades from Knight Frank.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: £21,000,000
- SF: 76,258
- PPSF: £275
M7, the buyer in this transaction, acquired the office building located at 2620 Aztec West in Bristol. The purchase was facilitated by their representative, Kimmre. On the other hand, Aviva Investors, represented by Steve Oades from Knight Frank, acted as the seller in this deal.
Players
Market Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93